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USDCHF: Good uptrend

2022-11-30
1223
Fundamental analysis:

USD/CHF remained volatile around 0.95427. The annual rate of GDP in the third quarter of Switzerland was 0.5%, expected 1.00%, and the previous value was 2.80%. An increase of 0.5% compared to the second quarter of 2022 and a year-on-year increase of 0.5%, which were lower than market expectations.

US dollar Swiss franc USDCHF - 4-hour K-line chart shows:



Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum remains volatile and rising, the short-term bullish trend may continue, the market as a whole is in a bullish upward trend, the MADC indicator is hovering weakly on the upper side of the axis, and the RSI indicator is weakly finishing on the side of the 50 balance line;
Long-short turning point: 0.95323
Suppression: 0.95616, 0.95826
Support: 0.95093, 0.94869
Trading strategy: Bullish above 0.95323, target 0.95616, 0.95826
Alternative strategy: bearish below 0.95323, target 0.95093, 0.94869

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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